Russian Central Bank Plans Incentives for Banks to Use Digital Ruble for Salary Payments

Odaily reported that the Central Bank of Russia has announced it will provide economic incentives for settlements using the digital ruble.

Starting January 1, 2027, commercial banks will receive a reward of 0.67 rubles per executed instruction when corporate clients use the digital ruble to pay official salaries and other payments stipulated in labor contracts to employees. The minimum reward amount for a single instruction register is set at 10 rubles. The Central Bank of Russia expects this move to encourage banks to more actively promote digital ruble salary services to enterprises.

At the same time, the Board of Directors of the Central Bank of Russia approved a fee of 1 ruble per executed instruction for transfers from enterprises to individuals starting in 2027, with a minimum fee of 15 rubles per register. Previously, Central Bank Governor Elvira Nabiullina stated that the digital ruble is intended for state control over fiscal fund flows, and the use of the digital ruble by individuals is not mandatory. (bits)